GBP/JPY – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 193.35400 is expected.
Caution: A possible reversal of the trend in the direction of support at 188.70000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.97200 |
| 2nd High | 193.48100 |
| Next High | 193.35400 |
| Current Price | 191.79500 |
| Next Low | 188.70000 |
| 2nd Low | 186.68500 |
| 3rd Low | 185.81900 |